Correct option is A
Statements:
(I).Some purses are keys.
(II). All lockers are keys.
(III).All keys are pins.
(I).Some purses are keys.
(II). All lockers are keys.
(III).All keys are pins.
The least possible Venn diagram for the given statements is as shown below:

Conclusions:
(I) Some pins are purses.
From the statements:
Since "Some purses are keys" and "All keys are pins," the part of purses that overlaps with keys will also overlap with pins.
Hence, this conclusion logically follows.
(II) No pin is a purse.
This directly contradicts the first conclusion. Since we established that some pins are purses, this conclusion does not follow.
(I) Some pins are purses.
From the statements:
Since "Some purses are keys" and "All keys are pins," the part of purses that overlaps with keys will also overlap with pins.
Hence, this conclusion logically follows.
(II) No pin is a purse.
This directly contradicts the first conclusion. Since we established that some pins are purses, this conclusion does not follow.
Only conclusion I follows
Thus, correct option is (a).